Intertemporal Budgeting and Efficiency
نویسندگان
چکیده
This paper introduces an intertemporal variable cost indirect technology which permits technological change over time and allows for financial flexibility. It characterizes agencies which maximize the outputs or services subject to the budget they face. We define Farrelltype output oriented technical efficiency under different financial regimes and efficiency gains from financial flexibilities. An empirical illustration based on a sample of Illinois municipalities is included. Preliminary Draft: March 1, 1995 Please do not quote without the authors' permission Comments are welcome. Intertemporal Budgeting and Efficiency R. Färe, S. Grosskopf and S.Yaisawarng March 1, 1995
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تاریخ انتشار 1995